Latest Tax News

Mont Royal Resources has begun testing whether Ashram’s mixed rare earth carbonate can be upgraded into separated, high-purity oxides, while a US defence consortium adds strategic visibility to the Quebec project. The company ended September with A$5.03 million in cash after receiving a C$2.22 million Quebec tax credit.

Challenger has used its 2026 AGM to showcase stronger earnings, record annuity sales and a substantial capital buffer while keeping discussions open with TAL Daiichi Life over its $11.80-per-share approach. The board still does not consider the proposal sufficient to recommend to shareholders.

Magontec’s nine-month revenue rose 28.9% to A$59.4 million as stronger electronic anode sales and a recovery in Metals lifted gross profit to A$12.8 million. The turnaround is generating cash before working-capital movements, but Chinese demand, European automotive weakness and near-term debt maturities remain live risks.

Me Today says more than 80% of its Series 1 warrants have been exercised, delivering $2.31 million of new capital as the nutraceuticals company forecasts stronger first-half FY27 revenue. FY26 gross revenue rose 36% to $7.96 million while the EBITDA loss narrowed substantially.

INOVIQ will restart its EXO-OC ovarian cancer program through a staged optimisation and verification process after an independent review found sample collection and handling were the main sources of variability. The company is targeting US laboratory-developed test readiness in the first half of 2028, while a leadership change adds another moving part.

Janus Electric ended September with A$3.0 million in cash after a A$5.9 million operating outflow, but has since added A$11 million in CBA facilities and expanded its North American order book to 124 trucks. The next test is whether those funding arrangements convert a sizeable gross order book into customer receipts during Q2 FY2027.

Perpetual says its A$500 million sale of Wealth Management to Bain Capital remains on track for completion by year-end, positioning the group to move into net cash. The AGM also highlighted stronger FY26 earnings and cost savings, but persistent Asset Management outflows remain the central test.

Andromeda Metals has lifted independently verified high-purity alumina output to 99.9989% at its continuous pilot plant and sent its first commercial sample to a potential Japanese customer. The result strengthens the technical case for its HPA project, but customer qualification and commercial-scale production remain ahead.

NAOS Small Cap Opportunities has declared a 1.00 cents per share quarterly dividend, 50% franked, while its investment manager commits to reinvest 100% of estimated annual management fees in NSC shares. The payout implies a 16.38% annualised yield at the latest closing price, although future distributions remain dependent on performance and reserves.

Odyssey Gold has outlined a potential 79,000-ounce first-stage development at Tuckanarra, backed by a 451,000-ounce resource and fresh high-grade drilling. The project’s path to production remains conditional, however, with the replacement toll milling agreement unresolved and only A$3.027 million in cash.

Omega Oil & Gas has reported its strongest appraisal quarter yet, with Canyon-3 and Canyon-4 confirming thick, stacked oil and gas-bearing intervals in Queensland’s Taroom Trough. The company has also expanded its operated acreage to 2,976 square kilometres while retaining $92.9 million in cash and no debt.

Control Bionics has begun converting its expanded product and regulatory pipeline into revenue, while a completed $9.75 million capital raising gives the company a larger cash buffer. The next test is whether partner-led sales and NeuroStrip trial conversions can reduce its cash burn as planned.